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Economics 2010 WAEC Past Questions

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16

A firm is said to be a public joint stock company when it

  • A. is owned by the government
  • B. sells its shares to members of the public
  • C. operates as a government corporation
  • D. is not legally recognized as a firm
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17

All the following are source of finance to a joint stock company except

  • A. debentures
  • B. cooperative loans
  • C. shares
  • D. bank loans
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18

The public sector of an economy includes

  • A. cooperative societies
  • B. nationalized industries
  • C. joint stock companies
  • D. pressure groups
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19

One advantage of the Sole Proprietorship over other forms of business organization is that it can

  • A. make very high profits
  • B. employ many workers
  • C. keeps its affair private
  • D. produce on a very large high scale
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20

Which of the following is obtainable in a perfect market?

  • A. P = MR > AR
  • B. MP = MC > P
  • C. MR < P
  • D. P = MR = MC
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